Choosing a career is one of the most important decisions that someone could make in their life. We all want a job that will pay well and provide enough so that we can have at least an acceptable quality of life. There are many different areas from which we can choose a career. Whether you are a young person choosing a college major or an older person considering a career change, this is a critical choice for you. Do you want a career that helps people? Are you skilled at math and figuring out problems? A career in accounting may be right up your alley. Not only is the career well paid, but learning the in’s and out’s of finance can help you and your family avoid financial pitfalls, invest, and spend wisely. Listed below are some of the reasons why being an accountant can be a rewarding career.
1. You Can Help Others
One of the most common reasons for job dissatisfaction is not having a sense of purpose. They might feel that they are not making a difference. That is far from a concern with a career in accounting. Navigating your financial situations can be an overwhelming task for many of us. This is where an accountant comes in and helps out. Everyone has to file taxes. For many of us, this can be an incredibly stressful time of the year. A quality accountant can ease that stress and take care of it for them.
In addition to taxes, there are a number of other financial situations an accountant can help with. They can help people deal with housing situations such as their mortgage. There is over $9.12 trillion owed in mortgage debt as of January 2019. Also, less than half of homes that make $80,000 have any sort of estate planning documents ready. This is especially concerning, and a quality accountant can help these people get back on track.
2. Accountants are Well Paid
While money shouldn’t be the only reason behind a career choice, people do want to be well compensated for their efforts. The median pay for accountants is $70,000 a year. Starting out, your salary might not be as high as you might like, but with time, it will increase. More experience and training will greatly impact your salary. An accounting manager can make upwards of $90,000 a year.
3. An Abundance of Openings
Since everyone needs to file taxes, that creates an abundance of accounting jobs out there. You might find a job with an accounting firm or perhaps work in the accounting division of a large company. Growth in this industry is expected. According to The Bureau of Labor Statistics, accounting jobs are expected to increase 10% by 2026.
4. It Can Challenge You
Being an accountant requires much discipline and can be a challenge for anyone. This may sound like a negative point but that is quite the contrary. People want to be challenged and feel like what they are doing is worthwhile. The CPA exam, for example, requires much hard work. This can instill good study habits. The first CPA exam was administered in New York in 1896 and has evolved over time. Some of us need direction in our lives. The discipline and good study habits coming from this exam can be beneficial.
5. Great Schedule
One of the biggest benefits to an accounting career is the schedule. It can be flexible yet structured. A schedule that’s all over the place and frequently changes can be a large hassle. As an accountant, you can work a standard Monday through Friday schedule. This can help in time management skills. This will give you plenty of time to pursue your other life passions. Whether you enjoy reading, fishing, blogging, spending time with family, or whatever it is you like, you’ll have the schedule to do it.
These are just some of the many reasons why you should consider a career in accounting. You can live a full and enriching life with this career choice.
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